mr. quarles would take on many adopted during the obama era. from the republican line, good morning. good morning. i just wanted to make some comments. how can the states that don't give president trump get away r records with it? as from the election integrity commission he ormed to take a look at voter issues? caller: yes, there was something while back about barack obama getting records on everybody in the united states seemed to s and that be legal. host: you are saying secretary f state should offer the information being asked by this commission? caller: yes. your state reacted to that? caller: oh, i'm not really sure now.t host: okay. let's go to mexico, maine, line democrats. caller: this is harvey, harvey, go ahead. caller: thank you this morning. this country y can't have the same kind of insurance they have in canada rich people of this country foot some of the bill, instead of giving them all a big tax break. another thing that like to talk president at blaming obama for all the problems in the middle east, the middle east started with george w. bush when saddam d gaddafi

mr. quarles will have the 17th dot. now we only have 16 participants.resting situation if we only have 16 dots. you could have a no man's land, which the market pays a lot of attention to. dot could be an interesting policy. joe: with the latest statement and yellen's testimony, it seems like the fed and the chair are speaking to what seem like transitory factors. maybe more long-lasting than they previously thought. aside, what isid the persistent inability of inflation to get back to 2% saying about the economy and also the models economist have to analyze the economy? matthew: joe, that is a great question. it is something i have thought a lot about. what itity is this, tells you is that financial conditions are not as loose as everybody thinks they are. look at the dollar, for example. it is still about 15% higher than it was two or three years ago. that is a very sustained appreciation in the price of the dollar. i think that continues to weigh heavily on goods prices. i think it is a little aggressive to say financial conditions are super loose, w

mr. quarles being appointed.it to have a monetary phd, a la chair yellen, a la bill dudley, and certainly la stan fischer. how important is it? robert: i think having very strong, grounded phd skills -- and i am speaking as someone who does not have a phd. tom: somebody would say that is an advantage. he is in france right now. robert: i understand. i would say you need to have some number of people with phd, strong, technical, fundamental skills. need somehink you number of people who have a different background, is this background. background. i think the combination is powerful. i would not go so far to say which seats need which skills, but as long as you have a mix and you have a leader that is good at organizing and orchestrating that makes -- mix, the fed should and will work effectively. tom: is this a fully employed america? employed fully america? robert: it is an america that is getting close to fully employed. in prerecession low was 8.1% unemployment plus scourged workers plus people working part-tim

mr trump wants. i think that's what randal quarles will focus on.eekly, looking forward, where the uc us banks going in the 6— i2 months? they have had a really good run in the last month. the sector is up run in the last month. the sector is up since the first ofjune and it is going higher. there are so many factors behind this. away from just the financial results, which are positive. 0k, thank you very much for your time. also in business this friday, who needs four wheels when you can have three? the tuk—tuk or auto rickshaw started life in italy in 1947, but now dominates asian roads from india to indonesia to thailand. now indian manufacturer atul is punting the little machine as a cheap solution to africa's transport problems. it has set up assembly plants across the continent, we went to one in port elizabeth, south africa. behind me are the vehicles from india and they are flown into a full manual assembly line. that assembly line is purposefully designed because it does create employment and it gives us the necessary personal control that

quarles today. tom: michael mckee, thank you. we will continue with mr. ward in a bit.e house information security officer. look for that at 1:30 new york time. this is bloomberg. stay with us. futures negative two. ♪ >> to put in place the policy -- guy: you are watching "bloomberg surveillance." is beingr review unveiled. prime minister theresa may will address an audience shortly. she will talk about how the changing nature of work in the u.k. needs to be looked at by governments. this is essentially a platform for the prime minister to talk about austerity, public sector wages, talk about a fairer british economy. in some ways, this comes back to what is happening about the big tech that forms we are used to in our lives. we are talking about uber, talking about other big platforms as well. it relates back to u.s. tech in a big way. tom: it does. changing workplace is maybe the team here. let's get to our single best chart. we go to the website of amazon, where they are doing prime day. rumor has it that howard ward is some -- abelli amazon up to $900 a share. the h